Business sales remained strong in January 2011. Econintersect calculates sales were up 11% YoY using unadjusted data, and up over 2% MoM (comparing December and January YoY increases). Business data was good in January.
Sales. The US Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for January, adjusted for seasonal and trading-day differences by not for price changes, was estimated at $1,177.8 billion, up 2.0 percent from December 2010 and up 10.8 percent from January 2010.
Inventories. Manufacturer’s and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,453.1 billion, up 0.9% from December 2010 and up 9.1 percent from January 2010.
Inventories/Sales Ratio. The total business inventories / sales ratio on seasonally adjusted data at the end of January was 1.23. The January 2010 ration was 1.25.
The components of business sales were reviewed earlier this week: retail sales (analysis here), wholesale (analysis here), and manufacturing (analysis here). All components were positive in January showing signs of economic expansion.
Retail Sales Up – Not Impacted by Fuel Costs by Steven Hansen
Wholesale Sales Continue Strong Improvement by Steven Hansen
Manufacturing Green Shoot Turns into Tree in January 2011 by Steven Hansen